Form and Denominations. With respect to each Pool, the principal balances, Coupons and other characteristics of the Securities to be issued shall be specified in the related Pool Supplement. Delivery of the Securities of a Pool shall constitute the issuance of the Securities for that Pool. Securities shall be issued, held and transferable only on the book-entry system of the Federal Reserve Banks in minimum original principal amounts of $1,000 and additional increments of $1. Securities shall at all times remain on deposit with a Federal Reserve Bank in accordance with the provisions of the Book-Entry Rules. A Federal Reserve Bank will maintain a book-entry recordkeeping system for all transactions in Securities with respect to Holders.
Appears in 5 contracts
Samples: Umbs and MBS Master Trust Agreement (Federal Home Loan Mortgage Corp), Umbs and MBS Master Trust Agreement, Umbs and MBS Master Trust Agreement (Federal Home Loan Mortgage Corp)
